The salary listings and prior years’ adjustments (PYA) for the fiscal year ending March 31, 2014 are now available online. The PYA reflects adjustments made and posted through April 19, 2014. Visit our website and log on to your online programs to view these reports.
We’ve added links to additional information and a glossary to the Governmental Accounting Standards Board (GASB) information on our website. We hope you’ll find these resources useful as you prepare to comply with the new GASB standards relating to pension accounting and financial reporting for state and local governments.
The mailing of this year’s Member Annual Statements is complete. If you have not received the statements for your employees, please email us at RTEmpSer@osc.state.ny.us. If your employees have questions about their statements, our tutorial may help.
The legislation that created Tier 6 established variable contribution rates for members based on their annualized wage. This video will help you understand how rates are determined and your important role in the process.